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Category Archives: Bankruptcy

In times of deepening jobs crisis, a bankruptcy law for individuals is an urgent need – Firstpost

BankruptcyBy Insolvency GuardianJuly 26, 2017

Whats common for Micheal Jackson, Mike Tyson, Donald Trump, Nicolas Cage and Willie Nelson? Apart from being hugely successful, all have filed for bankruptcy either in personal or business capacity at least once in their lifetime. Unlike in India, bankruptcy and insolvency law has been around in the US for last 200 years or so. In India, it…

Ukraine bans local PwC unit from auditing banks after PrivatBank insolvency – Reuters

BankruptcyBy Insolvency GuardianJuly 26, 2017

KIEV, July 20 (Reuters) – Ukraine’s central bank said on Thursday it had withdrawn the right to formally audit the country’s banks from the Ukrainian unit of the international accounting firm PwC. PwC Ukraine had audited the largest Ukrainian bank, PrivatBank, which Ukraine took over in December after risky lending practices left it with a…

Surge in personal injuries claims as 22000 cases hit the courts last year – Independent.ie

BankruptcyBy Insolvency GuardianJuly 25, 2017

Justice Minister Charlie Flanagan and Chief Justice Susan Denham at the launch of the annual report of the Courts Service at Phoenix House in Dublin yesterday. Photo: Gareth Chaney Surge in personal injuries claims as 22,000 cases hit the courts last year Independent.ie The courts have experienced an explosion in personal injuries claims, new figures…

Explainer: How did Section 44 land three senators in trouble over citizenship? – SBS

BankruptcyBy Insolvency GuardianJuly 25, 2017

What law caught out senators Scott Ludlam, Larissa Waters and Matthew Canavan? Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens and government minister Matt Canavan. It rules out anyone with…

Tribunal reserves order on Era Infra insolvency case – The Indian Express

BankruptcyBy Insolvency GuardianJuly 25, 2017

By: ENS Economic Bureau | New Delhi | Published:July 26, 2017 2:20 am Representational Image  The principal bench of the National Company Law Tribunal (NCLT) in New Delhi on Tuesday reserved its order on whether the insolvency proceedings against Era Infra Engineering are maintainable. This is because there are several winding-up petitions against the company…

DOJ grants reduced fine Bumble Bee to protect it from insolvency – SeafoodSource (blog)

BankruptcyBy Insolvency GuardianJuly 25, 2017

The U.S. Department of Justice agreed to lower the fine levied against Bumble Bee Foods for its role in a price-fixing scandal in part because a larger fine could lead to the companys insolvency, according to court documents filed last week. In May, Bumble Bee pleaded guilty to fixing the price of canned tuna between…

Amtek Auto falls on NCLT’s approval for insolvency proceedings – Economic Times

BankruptcyBy Insolvency GuardianJuly 25, 2017

NEW DELHI: Shares of Amtek Auto fell over 4 per cent in Tuesday’s trade after the debt-ridden auto component maker said that insolvency proceedings initiated by a consortium of banks led by Corporation Bank has been accepted by the National Company Law Tribunal (NCLT). Following the development, the stock fell 4.49 per cent to Rs…

Former Blackburn Rovers skipper declared bankrupt – Lancashire Telegraph

BankruptcyBy Insolvency GuardianJuly 24, 2017

FORMER Blackburn Rovers captain Barry Ferguson has been made bankrupt with debts of more than £1.4 million. The ex-Scotland captain, who made 36 appearances for Rovers between 2003-2005, was declared insolvent after failing to settle large bills thought to be owed to the taxman. He is one of a number of former Ibrox stars who…

Amtek Auto says insolvency proceedings accepted by NCLT – Economic Times

BankruptcyBy Insolvency GuardianJuly 24, 2017

NEW DELHI: Debt-ridden auto component maker Amtek Auto today said insolvency proceedings initiated by a consortium of banks led by Corporation Bank has been accepted by the National Company Law Tribunal (NCLT). “The application filed by Corporation Bank under section 7 of the Insolvency and bankruptcy Code, 2016… before NCLT, Chandigarh has been admitted by…

‘Place crest here’ and other all-time American soccer uniform fails – FourFourTwo USA (blog)

BankruptcyBy Insolvency GuardianJuly 24, 2017

Published 3 hours ago Kei Kamara set the MLS universe aflutter last week when he lambasted the league and the players union for a fine imposed on him for wearing Trusox, a popular sock product worn by many professional athletes around the world, in violation of MLS equipment deal with adidas. Speaking quite frankly in…

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